AMAZON: Tax Trouble = Fury and Fire

Jeff Bezos of Amazon fame has topped out as the richest Man on earth with a net worth of $112 billion. His closest competitors are Bill Gates at $90 billion and Warren Buffet at $84 billion.   Amazon has come under the grid by Trump for the fact that despite revenue of $177.86 billion in 2017 – it’s tax bill came to $-0-.   But it isn’t the first year that the retail Giant has paid little to no taxes, it has been the agenda of Bezos, a Hillary supporter and Democrat, since the early 2000’s.   And Trump is determined to redefine Bezos comeuppance.

In 2004, Bezos and a host of tax avoidance experts created Project Goldcrest in which a series of intercompany agreements effectively transferred intellectual property, licensing agreements etc… to a vast structure of subsidiaries thereby reducing their tax liability to $-0-.

Newsweek uncovered secret meetings between Bezos and EU Commissioner, Claude Juncker who was the former Prime Minister of Luxembourg, during which time a secret ‘sweetheart tax deal’ was created.   Since then, the EU has attempted to collect back taxes from Amazon in the amount of $14.5 billion. According to the Commission, Juncker granted Amazon a preferred tax rate that was not granted to any other business and had absolutely no justification.

Interesting that the same Juncker now heads the commission that is fining Amazon when he was instrumental in creating the loophole.

Last September, Amazon announced it was searching for a second US city hub to open shop, claiming that in so doing they would create 50,000 new jobs, and an economic windfall of upwards of $38 billion over a six year period.   As of January, Amazon released a list of 19 potential US cities and Toronto as candidates for their second hub. A bidding war has erupted as cities vie for the privilege of Amazon’s $0 tax base.

It isn’t just federal and state corporate taxes at stake, Amazon retailers sometimes forego collecting sales taxes as well, hurting the state income inflow that would normally be generated by malls and local retailers.   Developers are watching as mall development stalls and declines.   So, who is winning in the Amazon profile?   Bezos, obviously. In January 2013, Bezos net worth was estimated to be roughly $24 billion.   Growing 466% in 5 years has proven to be the Amazon tax loophole.

Bezos penchant for taxes is matched for his penchant for charity. To date, it appears that he has made two donations, one to Princeton for $15 million and one to the Museum of History and Industry for $10 million.   As a percentage of wealth, it is relatively negligible   Amazon’s Seattle Office Space is stated to include an area greater than 3.2 million square feet, and Bezo’s various homes boast anywhere from a piddling 10,000 square feet to upwards of 29,000 sq ft including 165,000 acres for his aerospace company in Texas.

It is of course not surprising, but rather inane, that two of largest media conglomerates, the New York Times and the Washington Post, which is owned by Bezos, would defy the obvious and claim that Amazon pays it’s fair share of taxes, ie payroll taxes, unemployment insurance, and those property taxes…   No mention of corporate or State Income taxes. Short term memory loss would conjure stories from the presidential campaign in which these same organizations demanded Trump keep the high tax bracket on corporations…   Oops.

Although Amazon averaged between 11% and 13% of all combined taxes from 2007 thru 2015, they weren’t the lowest. In fact, Facebook was the all time lowest positive contributor at 3.8%!   Google contributed roughly 16% and Apple 16.5%…   All lean Liberal, all promote heavy taxation as Democrats, all pay considerably less than even the S&P average of 26.9%.   The companies holding up their share include:   Lowes, CVS, Home Depot, Exxon Mobile, UPS, Starbucks, Walmart and Disney at 30.7% to 39.3%.

SHAME SHAME.

America in Chaos

Reading the Washington Post is always good fodder for an alternate view story.

Jennifer Rubin, a really destructive Liberal who pretends she is conservative has written about how America under Obama was a utopia existence and that Trump’s speech about struggling single mom’s, government waste and inefficiency, and a broken education system – is all rubbish. According to this elitist, Rubin, everything is great! Of course, Ms. Rubin began her career as a lawyer in Hollywood – which might explain her ‘entertainment quality news’.  As well as her Real World naivete.

The fact that she was an avid fan of Jimmy Carter (in addition to Reagan) offers insight into the topsy-turvy hypocrisy of thought she holds to. Of course, the fact that she writes for the Washington Post shows where her allegiance lies – Liberal/Socialism.

Complaining and bashing and lamenting, she obviously lives in a Netherworld bubble disconnected from We The People, which further establishes the cause of the Hillary loss.

First: she states that crime is down, unemployment is down and productivity is up!

Yeah??

a) Reported violent crime has been on a steady decline since 1992. However, that decline corresponds to a parallel graph showing incarceration rates spiking. And according to the FBI, violent crime rates had declined for two decades before rising as of 2011.  Uh-oh.

b) Unemployment is down. Yes. And No. The labor force participation rate is a mere 62% which includes those employed (part time and full time, as well as those looking for work). The numbers are therefore a misnomer of actuality, because if you are looking for work and if you are employed only part-time – those stats are considered in the rates of full-time employment!  In addition, the current rate match those of the Jimmy Carter era.  UGH!

c) Productivity is up! But that chart also paints an interesting picture. It shows a steady incline since 1950, with a flattening since 2011. Huh?

Second: Ms. Rubin states that she vehemently objects to American nationalism or patriotism.  She denies that we have benefited other countries at the expense of our own… ouch!

a) Our negative trade with China has helped boost their growth rate to three and four times that of the US.

b) NATO and the UN are virtually supported by the American tax dollars for the benefit of all of Europe…hmmm.

c) Trade: In 2015 the trade deficit with the EU was $153billion. Oops. And in 2016, that deficit – grew.  Double oops.

She talks about ‘collective security and the prevention of violence’… uh-oh.

a) I guess she forgot about Libya, Yemen, Syria, Ukraine, Somalia, Iraq, Turkey, Iran, Cuba, Indonesia, Egypt, and the terrorism in France, Germany, Sweden, Austria, Greece, Italy, US, Australia, Niger Delta, Sudan, and Ivory Coast. Not to mention Al Qaeda, ISIS, el Nusra, and Boko Harem. Oops, guess she forgot.

And then there is her claim that ‘life expectancy has soared! As though this is attributable to Obama? When in actuality, she missed the report that for the first time since 1993, life expectancy in the US ‘declined’ and death rates rose for the top leading causes of death!

Worse. The report of life expectancy declines actually came from her own newspaper – The Washington Post. Oops.

Bottom line: Ms Rubin would seem to have a very vacuous knowledge of economics, and have a very deft ability to make false and misleading statements in order to vilify and demonize.  Bottom line.  She lives in a wealth bubble that defines the loss of the Democrat Party for which she writes.

VERY UNCOOL.

 

FAKE POLLS – ABC and Washington Post

The Washington Post has declared that a Washington Post/ABC Poll declares that Obama’s approval rating at exit is a whopping  60%! WOW!

Whoa their pony. This same ABC poll had Hillary winning 274 electoral votes to Trump’s 188 days before the election.

If I had made such a grievous, ridiculously faulted calculation, I think I would be hesitant to open my proverbial mouth without making radical changes to my methodology. Because, obviously ABC is not even CLOSE to accurate!

What ABC has proven is that Media Polls are fundamentally flawed when bias is inserted into the procedure utilized.   Worse, their reputation is tainted, and the entire polling process becomes subject to fraud.

As if the media weren’t already ricocheting off allegations of bias, fake news, falsifying statements, having no evidence to back a statement, no legal basis for an argument, and prejudice, they have to up the ante with a FAKE POLL!

It is basically a flailing attempt to inflate Obama’s miffed ego as he faces a legacy of division, hatred, and chaos. Unable to let go of the fame, Obama is clawing a fake legacy.

The Poll is based on a source of 1005 US adults with a +/- margin of error of 3.5% points. What the poll does not identify is ‘where’ it was conducted, who they asked, what age group, what ethnicity, and basically has no relative information.

Langer Research is tasked with creating the Polls and their outcome for Washington Post/ABC. They have only been in existence since 2010, so their history is sketchy at best. They were touted by ABC as ‘progressively minded’, as in Progressive Politics, aka Hillary.

October of last year, Wikileaks released a memo which showed media pollsters create an end based on a narrative. Media pollsters are considered the least accurate, and the least reputable. Gary Langer of Langer Research stated in 2004, “Predicting the outcome of the race is the job of the campaigns, not the journalists.”  In other words, journalists and the media should stay away from Polling because they are a failed, biased group from the outset and their results will reflect this agenda.

Perhaps he should heed his own advice. Polling for the media/journalists has only one motivation, creating a favorable outcome and backing in data to support it.

FAKE NEWS

I am trying to understand the viewpoint of some of the more liberal media including The economist, The New York Times and the Washington Post. And like the demonstrations taking part by college students who chose not to even vote, the arrogance and hypocrisy elements are – difficult.

A journalist/opinion-op person who writes for The New York Times, is quite unabashed in his derision and choice of words concerning Trump. His latest barrage is about how “we can not just get along”… which of course was the Obama and Clinton mantra that he seems to feel only applies if his team wins!

While Trump is attempting to mend, journalists continue to divide. And for some reason Trumps’ attempts to mend are not met with grace, but instead even greater hostility, as though offering a hand was an evil thing.

To be sure, we don’t know exactly what Trump will do his first months in office. We do know that some of the more major issues including healthare, securing the border, and terrorism are at the top. But the mess left by Obama, the racism, the division, the daft teachings of our educators, are quite embedded and a generation of uneducated twenty somethings makes us gulp back bile.

But it only takes a few seconds to look back at previous articles written by this NYT man to fully embrace the hypocrisy. Hiss op-ed when the rave of election fraud was being discussed before the election was a vilification of the ‘fake news’ conspiracy lunatics. After the election, given his team lost, suddenly the shift is to declare ‘election fraud’!

I still believe that election fraud occurred. The problem? All the fraud that was uncovered pointed exclusively to the Democrats. All the fraud that was uncovered in the Obama election cycle – pointed to the Democrats. Reams of it. He denigrates Trump for not accepting his ‘Loss’ graciously. And in the end, this man makes a fool of himself.

The media seem to have conveniently forgotten the massive manipulation perpetrated at the highest levels for decades; Operation Mockingbird. The media that willingly colluded included, The New York Times, The Washington Post, Newsweek, Miami News and CBS. They were used because of their aggressive liberal stance and anti-Soviet rhetoric.

Then there was/is Operation Earnest Voice which specifically targets international social media censorship. It is funded as a propaganda tool.

There is sockpuppetry which has been used to extol one business while vilifying another. The concept is also used by the UK government, by journalists, and the EU governments, to create false accounts that lobby for a particular government idea or cause, when the lobbying is actually derived from the government itself.

There is Merkel telling the German media what they can and cannot print with respect to immigrant problems and related rapes and sexual assaults. That is media manipulation.

The BBC, state owned, which filters it’s content based on what the UK government determines is allowable.

These are the sources of “Fake News”.

So why is the new obsession all about vilifying Russia propaganda? Because that is in line with the EU and US propaganda…   It’s one propaganda vilifying another who vilifies another until there is no reality left. Just a bunch of puppets.   At some point, the train will either come to a screeching halt, or a complete derailment.

In the meantime, most Americans search and search for news that has some semblance of reality and not propaganda. Are their fake stories circulating? Of course! Unfortunately, more often than not, the source is a liberal format. Unfortunately, the demand for hate and vilification is more often than not sourced back to Liberal agendas. Why?

I believe the moral and ethical value structure that is embraced by our country has been corrupted. Too frequently, the Donna Braziles of the world justify their corruption as for The Greater Good, as defined – by them.   And they feel no remorse, no regret, just like the rioters destroying our businesses and our property.

It used to be that when someone was asked if they understood ‘right from wrong’, those that didn’t were considered mentally impaired.